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debt crisis under a fresh round of play it out soon europe cast a shadow over the future of the eurozone forcing a rethinking nations who had been desperate to join up. the e.u. plans a third set of tougher sanctions against syria some experts warn it could pave the way for libya start intervention. and a bleak future for chinese college graduates an increase in university leavers forces and millions without jobs into the and truck.

around the world and around the clock this is r.t. uncharacteristically greece's new finance minister is getting down to work by describing his job as a real war he needs to convince angry greeks to face fresh austerity cuts to secure more bailout billions from europe with countries like turkey who have been trying to become part of the e.u. for years the financial woes are slowly weakening their resolve to join up. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro not any more turkey's attitude in short can be summed up very simply very glad we're not part of the euro right now took on the street seem to have a wide range of opinions on the euro but the country's doorstep europe's economy is worse now turkey says improving turkey is improving in all fields but europe is going backwards say we don't need them. to fish people are using the year as an

investment to earn money here is a more reliable and turkish money people don't want to save their money in the euro . few invest in euros you get more than euros also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion have found a common logic in decisions about the euro people polled don't care about wider economics but about their own personal finances so much economy is actually beyond the important factors that make euro skeptic or euro file the public opinion analysts a keen to point out that further economic integration into europe doesn't just mean money and that people shouldn't only think about their pocketbook economics they have to take into account the freedom of movement of labor the freedom of service you know service these are all integrated any other so it's not only you know

exchange of money or turks living. thing. one thing everyone does agree on is the mess the eurozone is in whereas turkey's economy grew nine percent last year and over ten percent in the first quarter of this year europe especially southern europe has come to the point of catastrophe because of excessive borrowing greece has so far been the worst hit send others economic disasters have meant appeals for bailouts this makes it difficult for national governments to defend. constantly pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the you are economic mismanagement some for c. big problems ahead because army corp. based on single currency in europe. is. going to be history in the near

future meaning that turkey will likely remain independent trader to some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe what once seemed like a good idea but with all the riches here and not in europe you no longer seems like such a profitable move tom barton r.t. istanbul turkey. has a eurozone debt burden it shows little sign of abating e.u. members that decided to stick to their own national currencies are breathing a sigh of relief that's a view of yourself your fame editor of german newspaper design. those european nations not the your will no be much stronger. there's the right thing. there's no way we can avoid a default it will have to be done. with by the european community everybody together if the greeks leave. that is like you know

a lot stronger mind. read your way into this is some but if you want to be truly economic you know. things like an economist i think is true the best solution because. once you know you you devalue and once you can do that once your value you can retain your competitiveness on the international market this after all is the example of argentina which broke out of the monetary union with the u.s. dollar as the. but i have a coming the crisis in the usa will be discussed in st peters but i do international economic forum that enters its last day covering from recession and the creation of an international financial center in russia the focus of discussions as the internet is there. in spanish prime minister and the finnish president yesterday russian outlined vision of

a future in the state's dominant role in economy corruption but the main threats to development. business bulletin and about fifteen minutes time and they did today a special edition of on the money where people have out talked to people at the cent pieces but for him about what lies ahead for business in russia. at least sixteen more people have been killed in syria as mass protests there continue the e.u. is planning a third round of sanctions against the regime of president assad if it's deadly crackdown on demonstrations but antiwar activist brian becker says the sanctions are the first step towards why did intervention the e.u. if it adopts these new sanctions the third wave of sanctions there incrementally ask a lady in the u.s. and western european intervention into syria i think that we're going down the road

as we when libya where one step leads to another step there climbing the escalation ladder they have a very sort of selective concern for the lives of protesters and democracy movements or movements that call themselves democracy movements you take bahrain they're they're they're condoning the crackdown on peaceful protesters i think what's really happening is that syria syria has been targeted by the united states and also in principle lead by. france and the u.k. for regime change and i think they see this growing protest movement and the possible slippage of the country in the direction of civil war as an opportunity to overthrow what has been considered to be independent government in syria. at least expert and blogger castro told r.t. that america's policies in the region have shown its priorities to be geopolitical interests rather than the interests of the public. all the talk of exporting democracy and all that sort of preaching rest of the world i find is highly

inconsistent and is hypocritical and in the case of syria in particular i think the u.s. is caught between wanting to be active but at same time mortified by what the alternative would be and syria which in my view is completely unjustified it's not necessarily going to turn into a fundamentalist islamic state or anything like that what we are seeing there are really for freedom and democracy and. while he could have been if you like played a more consistent role in foreign policy hasn't done. also any sort of intervention there were doing which is based purely on this desire for stability is bound to be counterproductive.

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today. and these are the images. of canada. wealthy british science. market's. going to. find out what's really happening to the global economy with max kaiser there are no holds barred look at the global financial headlines tune into kaiser report on our.

growth rate during the financial crisis has been the envy of the world and yet many chinese are still not reaping the rewards of the economic boom i think it was the brains of graduates entering the workforce each year and becoming part of a long and called and tribes expects. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave their poor rule backgrounds behind in search of the chinese economic miracle and one of the largest groups of people currently moving into china cities are university graduates like those from this campus in downtown beijing however many are arriving to find their degrees of virtually worthless and that the streets are paved with anything but gold these graduates often end up living in the most basic and squalid of conditions and

forced to do menial jobs sociologists have dubbed them the ant tribes and there are thought to be more than one hundred thousand living in beijing alone in june chine is one such and he shares a twenty square meter room with five other graduates in a former workers dormitory in the north of beijing washing and toilet facilities are shared and there is nowhere for them to cook but it's. just the ants that are suffering or for my parents and sister went through a lot of hardship to save the money that put me through university i studied hard and did part time jobs to support myself you know though all i can find is unskilled part time work so i really feel like i'm letting them dying off. part of the problem is that there are simply too many university graduates now entering the system in one thousand nine hundred eighty two when the government began to seriously look at expanding higher education chinese universities were producing eight hundred thirty thousand graduates

a year in two thousand and ten but number was six million and it's still growing. and that is where that on the one hand chinese universities are already in a weak state we need them weaker with an over rapid expansion so the education received by many of today's graduates has been very poor on the other we have a whole generation who are used to having everything going for them you cannot do anything for themselves he's going to give people like this work. with reports of rioting taking place in some areas the government is now looking to take action measures being discussed include limiting residence permits to skilled professionals and introducing electronic id cards for outsiders without a stable job however with the number of graduates entering the workforce set to continue rising there seems little hope in sight for china's and tribes and remorse and r.t. beijing. well there's more on that story and all the news we're covering always available party. supplied blogs and usually video clips like this one

forgettable way to celebrate university graduation from russian students you see it is soft when you put your textbooks inside the base and. recommends you don't try this at home. disneyland for adults the world's largest museum to guard its doors and it's open twenty four seventh's. r.t. dot com. if. you. u.s. involvement in nato is campaigning live it has just one day left for a ninety day limit on military action without congress approval runs out when makers are demanding president obama complies with the constitution so he's writing

reporter the best and hit the streets of new york to find out what people think of the growing u.s. military presence around the world. number one in the world. the world we can still do it even the. best we can we can do it why is that so important to be number one has to be he has to be one no one better be as we think about. the americans as being some kind of. world police you know you think about us dick yes you don't think there's any altieri motive. no oil interest no economic interest no no i don't know what do we want to accomplish that. just the safety of the people to which the money and the lives of the young people you know did you think this is maybe another reason that we're doing it one reason only zero or whatever the

reason i don't think it's logical i don't think it makes any sense but i think there's a big disconnect between what people in government are thinking and what they think we want and what we're letting them know that we once. had maybe our priorities just aren't the same so you have all these countries in the middle east where the people are standing up against their government why aren't people in the u.s. standing up against their government saying hey bring our troops home i'd like to think that one day that will happen you know there was an arab spring maybe that america will have its own spring no matter how you feel about the imperialism of the united states the bottom line is let's face it it's not going to stop anytime soon. some of the news from around the world. so korean soldiers have fallen. passenger jet after mistaking it for a north korean military plane they supported a shorter asiana airlines plane which had more than one hundred passengers on board the aircraft was undamaged as the latest incident highlights going tension on the

border between the two koreas. libya's prime minister says his government has held talks with the rebels something they deny they also accuse nato of escalating violence in the country and it fresh air raids are reports of five explosions in tripoli thousands of colonel gadhafi supporters staged a rally in the capital used to be one of the biggest since the winter peroration began. attempts to decontaminate water at japan's fukushima nuclear plant have been stopped radiation levels or the safety of its its feared the water inside the earthquake and tsunami damage to the city could spread radiation to the surrounding vironment. last known machine a region that's been hit by two strong tremors. now we continue our journey to the coldest continent on earth untaught except you know magine that dealing with a fierce climate these little time for religion. that isn't the case during

a visit to the southernmost a russian orthodox church on the planet. perched atop a picturesque rocky hill overlooking the sea so it's a typical any time the russian orthodox church so this scene looks like it could be taken right out of a siberian picture book think again. the word this is important so far this is the only antarctic station that has a russian orthodox church. the trinity church is the southernmost russian orthodox church on the planet and getting it was not an easy operation. in two thousand and two they built the temple from the cedar tree and the church was built and it sat there for a while until the end of two thousand and three. they numbered all the parts every beam was disassembled and they transported it to kaliningrad from there it was shipped all the way here to antarctica since february fifteenth two thousand and four the church has been officially up and running with the orthodox church

providing a staff of two specially trained monkeys each year but given the extreme climate in which they operate they face extreme challenges as well. because the conditions in antarctica are unusual with strong winds we need to hold back the power of the wind with strong tight walls and special chang's sometimes the rain here comes out as horizontally with the wind so that the water is not just coming through the cracks but also it can climb up to leak inside. now trinity church has become a sort of antarctica landmark even becoming somewhat of a tourist destination for v.i.p.'s and diplomats. no matter who visits this church they always say it's beautiful it's a remarkable church made out of boudin a russian architectural tradition. more than just a popular tourist destination the building station on king george island is a russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those.

i came here for a long stay sixteen months and i had no idea that there was a church in russia i was not a frequent visitor to church but here somehow i started to be before i left russia i promise atlanta that i'll bring her here i was not sure how but i promised that i would while savannah was still in russia i got the idea why not have our wedding in this church. one of only two couples to have get married here trinity making their marriage a part of antarctic history. it's a very good feeling but in reality you don't think that you belong to some exclusive circle because for me at least the most important thing is the marriage itself and the location is secondary. but i like this church very much it is very comfortable and you feel very special here the russian tradition in goes back to the very discovery of the continent and according to the russian orthodoxy it is only fitting that there is an official testament to that history. so this church

just by its presence speaks volumes for every person not just russian but even for foreigners the presence of a church and means a godly presence in antarctica. a presence that they hope will last for generations to come in and start because sean thomas. from one of the coldest environments on the planet to russia's tourist hot spot today our special report takes you to the power of the country's resorts the black sea with the intrepid james brown. i.

was like we were struggling. just. about time for the business news out here to take with you. hello and welcome to business here on our c was stop with one of russia's most important financial events over here the st petersburg international economic forum . fall the city of st petersburg has always been called russia's window to europe but

with the international economic forum it has become the window to the whole world giving a platform for financial heavyweights to met the economic future of russia archies to china because it brings us to details the foundation started twenty years ago will continue president medvedev made it absolutely clear russia will not be a state driven capitalist economy much has been done in those two decades but then again it's recognise the job is only half done russia has come along with let's not make any any reservations about that a lot of reforms that been implemented russia has tremendous potential on the other hand it needs to confront challenges to improve its competitiveness first time foremost the issue of fighting corruption creating the right the environmentalists reducing the number of obstacles on the we're doing business to prove its commitment to foreign investors that the government has a tablet

a tear the billion dollar fund this is to call invest and thereby guarantee the good faith all for and morning there's also a program for the states to progress the early withdrawal from direct involvement and business and focus on this cabin is stable it cannot make conditions for private enterprise to flourish. and to become an international financial center was also up for discussion up the former deputy mayor. says it's not just the business community that is involved in making this in reality. it's quite complicated tasks . which could be implemented only by many participants federal authorities most core thora tears and professional community almost each mosque or city a program is devoted at least partly to ideas so for international financial center

in the city transportation hospitality education medical aid and any any on that aspect and achieve was also a hot topic during the event paula c.e.o. of any s.t.a. believes we're entering an age of increased gas consumption. if we want to me the european objective for sealed do we need to use more gas and less call and say the fact that if you can trace with nuclear investments of some of them would you try to close down nuclear power station we mean more gas again the daughter all of this makes that we believe that the consumption of the gas in the next that ten years would continue to grow at that pace around three percent. and victor julie trust from russian bank v e b explains how the country's direct investment funds will help businessmen from all around the world about doing

business in russia. the fear this is a great extent exaggerated. but the main problem is less. on the standing of information one of the main issues for them here which country is huge territory an. enormous potential of growth they should be guided that's the main reason for the fund to be set up to push the risks and responsibilities and to guiding them in regions in certain industries in particular projects. and r.t. also caught up with irvine from nestlé russia who told us about their latest plans in the country and how much they are injecting into the russian economy. we're investing still strongly in media and in new innovations which will bring into the market coming in the second half of this year innovations but we're also investing in the infrastructure in russia so we've just completed an investment into matures

which we've now got big coffee factory there seven billion rubles we've just put in and that may be really the total investment intermissions to ten billion rubles and this year we're also building a new fractures well this year alone will be looking at i you know half billion rubles reimbursements we're going to continue to do those kinds of things. and finally let's take a quick look at how the markets finished the trading week while prices continued to fall friday reaching full month lows as investors reacted to fears of stronger output from saudi arabia and load global economic expectations branch was one hundred thousand dollars a barrel on friday and needs to ninety three dollars there are. investors in russia continued to be wary of the damaging effects of greece's escalating economic crisis russian markets closed friday and the red your chance was down just under one percent optimize it suffered heavy losses and ended one and a half percent down. well that's all the business for this hour but we'll be back

with more from the same speeches that form and just under an hour's time. seventy six hours of intense fighting in the. six thousand desert.